Dodd says lawmakers unable to reach agreement on revamp

03/5/2010 | Bloomberg Businessweek · USA Today

Christopher Dodd, chairman of the Senate banking committee, said the panel's members had not agreed on a proposal for a consumer financial-protection unit or the broader overhaul of financial regulations. Lawmakers are also considering regulations related to derivatives and the creation of a resolution authority for unwinding systemically important financial institutions. Scott Talbott, senior vice president of government affairs at The Financial Services Roundtable, said the industry was eager to see details of the Senate's plan.

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Bloomberg Businessweek · USA Today

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